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Will Beazer Survive ?
Posted by Stock Online Trader on November 27, 2007 in Real Estate, Short Selling
Beazer Homes (BZH) CEO Ian McCarthy anticipates 2008 to be another difficult year. He says the Atlanta-based builder is focused on managing issues that have surfaced over the past few months, such as a recent financial restatement and an internal investigation concerning compliance. The company also is installing a downturn management plan that will focus [...]
Abu Dhabi Saves The Day
Posted by Stock Online Trader on November 27, 2007 in Finance Sector, Real Estate
A $7.5 billion Abu Dhabi deal to buy Citigroup shares may have created a model for acquisitions by Gulf and other emerging-market investors scouring the ruins of the U.S. mortgage crisis for bargains. The Abu Dhabi Investment Authority sought no role in managing Citi Citigroup Inc C 30.32 0.52 +1.74% NYSE Quote | Chart | [...]